● Improved Decision Making
● Using real-time data from the marketplace when making decisions
● Competitive Advantage
● Doing things better than your competitors, charging less for superior products,
and responding to customers and suppliers in real time all add up to higher
sales and higher profits that your competitors cannot match.
● Survival
● Information systems and technologies are necessities of doing business.
Sometimes these necessities are driven by industry-level changes. Firms
need to provide the capability to respond to information retention and
reporting requirements